HighTower Advisors LLC Has $2.30 Million Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

HighTower Advisors LLC trimmed its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,077 shares of the credit services provider’s stock after selling 30,126 shares during the period. HighTower Advisors LLC’s holdings in Oaktree Specialty Lending were worth $2,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC increased its stake in Oaktree Specialty Lending by 4.8% in the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 730 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of Oaktree Specialty Lending by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock valued at $372,000 after buying an additional 826 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Oaktree Specialty Lending by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after buying an additional 998 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Oaktree Specialty Lending by 3.7% during the third quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock worth $464,000 after acquiring an additional 1,030 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Oaktree Specialty Lending by 11.2% in the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 1,194 shares during the period. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $16.04 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 22.28 and a beta of 1.07. Oaktree Specialty Lending Co. has a 12 month low of $15.40 and a 12 month high of $21.64. The company’s fifty day simple moving average is $16.18 and its 200-day simple moving average is $17.14. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.72%. Oaktree Specialty Lending’s dividend payout ratio is 305.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OCSL shares. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective on the stock. in a report on Wednesday. Keefe, Bruyette & Woods cut their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.